Singapore-based Shiok Meats, a cell-cultured shrimp startup, has raised USD 4.6 million in a seed funding round led by investors like Monde Nissin Corp. CEO Henry Soesanto, Y Combinator and Tyson Foods-backed Big Idea Ventures, The Spoon reported.
The company uses cellular aquaculture to produce lab-grown crustaceans and is the first to do so in Asia, according to The Spoon. Shiok Meats presented a public taste test of its minced shrimp product in a steamed dumpling dish at The Disruption in Food and Sustainability Summit held in Singapore March 29 2019.
Shiok Meats' co-founders — Sandhya Sriram and Ka Yi Ling, both stem-cell scientists — plan to use the seed investment for more R&D and to bring on bioprocess engineers, according to Forbes. They hope to scale production in two to three years and have the company's cell-based products available around the world, with a goal of disrupting the USD 40 billion shrimp market.
The president and chief executive of Starkist, Andrew Choe, has "reaffirmed" the company's commitment to remain in American Samoa, despite the continuing challenges it faces in a very competitive global industry.
The governor's executive assistant, Iulogologo Joseph Pereira, said Mr Choe also thanked the government for its unwavering support.
But Mr Choe told the government of the hurdles posed by access to fish stock, the loss of federal incentives, the departure of fishing vessels to other Pacific ports, and the federally imposed minimum wage rises.
Can global warming leave us without fish, and fishermen without an income? Or does the new climate come with new opportunities? In Italy, and across Europe, scientists and fishermen are looking for answers.
Ettore Malfer has been fishing on Lake Garda all his life. In the past, there were plenty of eels and endemic carpione fish (similar to trout). Now, he says, they've almost disappeared. He doesn’t know why, but he suspects that this may have something to do with the changing climate which is harming the lake.
Malfer said, “I started fishing right after my elementary school, I was seven or eight, and now I’m over 80”.
“About 30-40 years ago we had four distinct seasons — spring, summer, autumn, and winter," Malfer added, and "Nowadays it’s all become very confusing — winters aren’t as cold as they used to be, and summers are way too hot.”
The donation of the patrol vessel, which is also known as the “Pride of Wales,” was facilitated and transported by the World Bank and is currently docked at the Freeport of Monrovia.
The vessel is intended to boost the Liberian government’s effort to curb illegal, unreported and unregulated (IUU) fishing activities in her territorial waters.
The Pride of Wales was constructed in 1996 and has Twin Caterpillar 3408 700 horsepower (hp) diesel engines, consumes 100/120 liters per hour at 17 knots, and has a 500-liter fresh water tank and holds 4,000 liters of fuel in two tanks.
Making remarks upon the arrival of the vessel, NaFAA Director General Emma Glassco said the patrol vessel will boost the fishery sector of Liberia and help curb illegal fishing activities in the territorial waters of the country.
COPENHAGEN - In the small fishing town of Thyboron on the northwestern coast of Denmark, many fishermen worry the British waters they have become increasingly dependent on will be out of reach when Britain leaves the European Union.
Poul Erik Rom, 35, and his father Ejvind, 65, are from a long line of fishermen. Each year they land fish worth some DKK 25 million (USD 3.75 million) from their vessel, one third of which come from British waters.
Poul Erik began his career in the offshore oil industry, but in 2011 he bought into a fishing vessel made by his father, who has been a fisherman all his life.
ALBERTON, P.E.I. - A Department of Fisheries and Oceans decision to open the snow crab fishery in Crab Fishing Areas 12 and 12E at one minute after midnight Thursday morning is not sitting well with the president of the P.E.I. Snow Crab Fishermen’s Association.
“We won’t be going, not by the forecast right now,” said Carter Hutt whose association represents 27 fishermen from P.E.I.
Along with fisherman representatives from New Brunswick and Quebec, Hutt was on a conference call with DFO Monday morning.
Hutt said the Island fishermen, as well as native groups from New Brunswick and Quebec, argued against making a decision without another weather call, suggesting the weather conditions were not suitable for setting gear. He felt they were out-numbered by the larger boats that make up New Brunswick and Quebec’s mid-shore fleets.
Asia-Pacific Fish Oil Market Report, published by Allied Market Research, forecasts that the global market is expected to garner USD 1.5 Billion by 2020, registering a CAGR of 5% during the period 2015-2020. Presently, aquaculture application segment accounts for about 2/3rd of the Asia Pacific fish oil market revenue. China would continue to consolidate its leading position due to a high concentration of the aquaculture industry.
The sustainability of farmed seafood is directly tied to how efficiently the animals turn their feed into flesh, aka food for people. Farms that use more feed to grow the same amount of food are more impactful than others. But what also matters is the kind of feed given to cultured species. Typically, fish and shrimp are fed fishmeal, a kind of feed made from ground-up fish. Fishmeal can be made from the excess trimmings of fish processing, but there are several wild-caught fisheries that only serve to be reduced into fishmeal for aquaculture, e.g. Peruvian anchoveta. However, with a growing market for farmed seafood, fishmeal is in high demand.
This has raised fishmeal prices worldwide; so some shrimp farms, most of which are in developing countries, have begun to substitute fishmeal with plant-based feeds. A recent paper in Sustainability, Malcorps et al. 2019, set out to measure the environmental and social impact of substituting fishmeal for plant-based feed in farmed shrimp. Currently, shrimp feeds are 20-30% fishmeal, depending on the shrimp species being farmed—what would the environmental impact be if those percentages dropped?
AYLMER, ONT. — In the middle of giving a tour, Sheldon Garfinkle peers into one of his company’s water tanks. Blue shrimp the size of fingers dart away from him, hiding in the far corners.
“They can hear us,” he said. “They are very sensitive creatures.”
Garfinkle’s great accomplishment is that these sensitive shrimp are alive at all, trotting around tanks stacked six levels high. For five years, the biggest problem in Canada’s fledgling, indoor shrimping business has been dead shrimp. If the water is too cold, they die. If the filtration isn’t right, they die.
For the few shrimp farmers operating in Canada, a 50-per-cent survival rate is an achievement. As a result, homegrown shrimp has been a rare delicacy, served infrequently by chefs and high-end fishmongers.